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PlanetOut sells print business to gay TV service [Death Of Print]

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planetout_logo_corp.gifBill Gates's money hasn't been enough to staunch the bleeding at PlanetOut. The San Francisco-based gay-media company is finalizing a deal to sell its magazine and book publishing business to the Here Network, a gay and lesbian video-on-demand service. The company publishes leading gay-interest mags The Advocate and Out. Subscribers were up but ad pages down in 2007. A decline in advertising from pharmaceutical companies hurt The Advocate. PlanetOut will keep its online properties such as Gay.com, and promises to promote Here movies as part of the deal.




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